Eaton Vance Corp., a money management firm known for its municipal bond mutual funds, is changing its focus and location.

The firm last year increased the equity assets it manages to $9.7 billion or 39 percent of its total assets under management. That represents an increase of 86 percent from 1997 and marks another step in Eaton Vance's drive to have half of its assets under management in higher-margin equity products.

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